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Goodwill and Other Intangible Assets
 12 Months Ended
Nov. 28, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The changes in the carrying amount of goodwill by business segment for the years ended November 28, 2021 and November 29, 2020, were as follows:
AmericasEuropeAsiaOther BrandsTotal
(Dollars in thousands)
Balance, November 24, 2019$207,749 $26,535 $1,504 $— $235,788 
Additions(1)
22,445 207 1,710 — 24,362 
Foreign currency fluctuation2,782 1,928 (92)— 4,618 
Balance, November 29, 2020232,976 28,670 3,122 — 264,768 
Additions(2)
— 1,761 — 123,658 125,419 
Foreign currency fluctuation(1,597)(1,639)(71)— (3,307)
Balance, November 28, 2021$231,379 $28,792 $3,051 $123,658 $386,880 
_____________
(1)Additions to goodwill in fiscal year 2020 relate to business acquisitions, primarily the South American distributor TJC. Refer to Note 4 for more information.
(2)Additions to Other Brands goodwill in fiscal year 2021 relates to the acquisition of Beyond Yoga®. Refer to Note 4 for more information.
Other intangible assets, net, were as follows:
November 28, 2021November 29, 2020
Gross
Carrying
Value		Accumulated
Amortization		TotalGross
Carrying
Value		Accumulated
Amortization		Total
(Dollars in thousands)
Non-amortized intangible assets:
Trademarks$258,712 $— $258,712 $42,743 $— $42,743 
Amortized intangible assets:
Customer relationships and other38,662 (6,042)32,620 9,786 (5,103)4,683 
Total$297,374 $(6,042)$291,332 $52,529 $(5,103)$47,426 
Customer relationships and other are amortized over five to eleven years. Amortization expense for the years ended November 28, 2021 and November 29, 2020 was $1.1 million and $5.2 million, respectively. Amortization expense for the year ended November 24, 2019 is immaterial.
Estimated amortization expense for each of the next five years is as follows:
November 28,
2021
(Dollars in thousands)
2022$4,400 
20234,400 
20244,400 
20254,400 
20264,043 
Thereafter10,977 
Total$32,620 
The Company performed its annual goodwill impairment assessment for reporting units. The fair values of the reporting units were estimated using the income approach. The annual assessment concluded that the fair values of the reporting units were in excess of their respective carrying values.
The Company performed its annual impairment assessment over material indefinite-lived intangible assets. The annual assessment concluded that the fair value of the indefinite-lived intangible assets were in excess of their respective carrying values.